Como Residences Escrow Account

Commercial Bank of Dubai (PSC) holds the escrow account for Como Residences, account number 1006*****5 (the complete number is in the Escrow Details section above), registered under DLD project number 2565, which entered the Dubai Land Department register on 12-04-2023.

Buyer payments for Como Residences are collected into the DLD-registered escrow account and do not become the developer's to spend on the day they arrive. Releases are tied to construction progress as recorded through Dubai Land Department inspections of project 2565, so the pace of the building, rather than the payment calendar, governs how much of the balance can leave the account.

The DLD register recorded 20.88% for Como Residences on 06-07-2026, up from 18.28% on 02-04-2026. The inspection report of that date noted enabling and foundation works as completed, with structural works, MEP and internal works, internal finishes and the external envelope progressing at different stages. That reading is the public measure of the progress that escrow releases are tied to. Every dated reading is tracked on the Como Residences construction updates page.

No. The 4% DLD registration fee on a Como Residences purchase is paid to the Dubai Land Department and does not pass through the escrow account. The escrow account holds the price payments set out in the Sales and Purchase Agreement: on the launch schedule of record, the 20% booking payment, six dated instalments of 10% and the final 20% on handover.

Oqood is the Dubai Land Department's register for off-plan sales. Registering a Como Residences unit under Oqood records the sale against DLD project number 2565, the same registered project whose escrow account at Commercial Bank of Dubai receives the buyer's payments. Once the unit is completed and fully paid, the Oqood record is normally converted into a title deed in the buyer's name.

Yes. A delay does not end the protection: money paid for Como Residences stays in the escrow account and is released only against recorded construction progress, whatever the calendar says. Nakheel's expected handover is Q3 2027 and the registered completion date is 27-03-2027. Escrow protects capital while the tower is completed, and a retention stays in the account after completion against defects, but escrow does not compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Como Residences belongs in the DLD-registered escrow account 1006*****5 at Commercial Bank of Dubai (the complete number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, follows the standard pattern of payment fraud however official it appears. Any such request is checked against the account shown in Dubai REST and in the SPA before funds move.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account, and refunds to buyers are drawn from the balance it holds, under DLD supervision. That protection reaches only money paid into the registered account; a payment sent anywhere else falls outside it. How the Dubai Land Department regulates off-plan projects and their escrow accounts is covered in the Dubai Land Department guide.

The Dubai REST app from the Dubai Land Department shows the escrow details of registered projects. Under Services and Project Status, a search for project number 2565 or Como Residences returns the project record, where the escrow bank and account number can be compared with the Sales and Purchase Agreement and with any payment request. The check takes a few minutes and involves no agent and no developer.

The Como Residences escrow account protects money paid into it. It does not guarantee the Q3 2027 handover, it does not compensate for delay (those terms sit in the Sales and Purchase Agreement), it does not hold the 4% DLD fee, and it gives no protection to payments sent to any other account. It also says nothing about price movements or resale value, which depend on the market rather than on the escrow framework.

Nakheel, founded in 2003, is the developer behind Palm Jumeirah: its developer profile records the island's reclamation and core infrastructure as completed in 2006 and its first residents in 2007, and its portfolio includes Jumeirah Village Circle, Al Furjan and Jumeirah Islands. Como Residences itself was registered with the DLD on 12-04-2023, started construction on 27-09-2023 and holds nine dated register readings, the latest 20.88% on 06-07-2026.